Gold will possibly test 1309 again
Gold had invalidated its bullish trend at 1309 in July 2018 and began a bearish trend.
It is well possible that this level gets tested again. If a break above succeeds, it will invalidate this time that bearish trend ultimately.
If not, we'll start 2019 bearish.
SMA20 in 2W is still trending down and equity markets are not showing signs of quick reversal. The latter possibility seems to be more likely.
It is well possible that this level gets tested again. If a break above succeeds, it will invalidate this time that bearish trend ultimately.
If not, we'll start 2019 bearish.
SMA20 in 2W is still trending down and equity markets are not showing signs of quick reversal. The latter possibility seems to be more likely.
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